10 Risks Every Wholesaler-Distributor Needs Coverage for

As a wholesaler-distributor, you face unique business risks. And that makes having the right insurance all the more important.

Most standard insurance policies include coverage for your building, your business personal property, the personal property of others in your care and most liability risks.

Yet there are other coverages worth considering that aren’t automatically included in your main policy. These “extras” are typically offered as endorsements—documents attached to an insurance policy that expand or restrict coverage. (In this example, they all expand coverage.)

Here are the 10 risks that wholesaler-distributors should consider covering by endorsement:

The possibility of your vendor being sued because a customer is injured by a product they purchased through you.

Brand name merchandise in your warehouse is damaged by a covered peril and cannot be sold.

Lost income when a key supplier suffers a covered incident (like a major fire) and is unable to provide you merchandise to fill your orders.

Damage to equipment caused by a utility failure that occurs away from your premises.

The possibility of a customer buying goods under false pretenses that leaves you unable to recover the cost of the goods you sold.